Telsey Advisory Group Reaffirms Outperform Rating for Home Depot (NYSE:HD)

Home Depot (NYSE:HD)‘s stock had its “outperform” rating reiterated by equities researchers at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They currently have a $410.00 target price on the home improvement retailer’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 7.10% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and set a $424.00 price objective on shares of Home Depot in a research note on Wednesday, December 10th. KGI Securities lowered shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target for the company. in a research report on Wednesday, November 19th. Sanford C. Bernstein restated a “market perform” rating on shares of Home Depot in a report on Wednesday. Bank of America cut their price objective on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Finally, DA Davidson decreased their target price on shares of Home Depot from $430.00 to $407.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $407.73.

Home Depot Trading Down 2.1%

NYSE:HD opened at $382.83 on Wednesday. The firm has a 50-day simple moving average of $367.74 and a 200-day simple moving average of $380.28. Home Depot has a one year low of $326.31 and a one year high of $426.75. The firm has a market cap of $381.11 billion, a P/E ratio of 26.10, a P/E/G ratio of 13.97 and a beta of 1.08. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). The business had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.78 earnings per share. Equities analysts anticipate that Home Depot will post 15.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the transaction, the executive vice president owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president directly owned 12,320 shares in the company, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,963 shares of company stock worth $1,748,845 over the last three months. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Home Depot

Institutional investors and hedge funds have recently modified their holdings of the company. Parvin Asset Management LLC boosted its holdings in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares in the last quarter. Advocate Investing Services LLC purchased a new stake in shares of Home Depot during the 4th quarter worth approximately $25,000. Financially Speaking Inc acquired a new position in shares of Home Depot in the 3rd quarter valued at $31,000. Sagard Holdings Management Inc. purchased a new position in shares of Home Depot in the 2nd quarter valued at $29,000. Finally, Key Capital Management INC acquired a new stake in Home Depot during the 4th quarter worth $28,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Key Stories Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Multiple broker upgrades and higher price targets signal analyst confidence — Robert W. Baird raised its price target to $430 and kept an “outperform” rating, and Truist lifted its target to $405 while reiterating a Buy. These lifts provide explicit upside guidance from dealers. Read More. Read More.
• Positive Sentiment: Brokerages’ consensus is “Moderate Buy,” reinforcing institutional tilt toward the name and providing a supportive backdrop for longer-term holders. Read More.
• Positive Sentiment: Analysts expect Home Depot to likely beat upcoming Q4 earnings — upbeat near-term earnings expectations can limit downside if results meet or beat forecasts. Read More.
• Positive Sentiment: Company capital discipline (balanced investments, steady dividends, strong cash flow) is highlighted as a long-term value driver, supporting shareholder returns despite cyclical pressures. Read More.
• Neutral Sentiment: Home Depot has climbed ~17% over three months, but some analysts warn the stock trades at a premium and faces estimate cuts and housing-related headwinds — a mixed signal that supports caution after strong recent gains. Read More.
• Negative Sentiment: Operational and reputational issues—reports about ICE raids and increased theft (e.g., power tools being locked up)—are cited as concerning to customers and may hurt traffic/transaction trends and investor sentiment. This has contributed to short-term share weakness. Read More.
• Negative Sentiment: Short-term price pressure: coverage noting the stock declined while the broader market improved underscores profit-taking and sentiment-driven selling today. Read More.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.